Regional Director for European Affairs participates in a meeting to enhance the internationalization of the Azorean economy

The Regional Director for European Affairs and External Cooperation, Carlos Amaral, participated, today, in a meeting with the Organization for Economic Cooperation and Development (OECD) and the European Commission on the project “Global Outermost Regions Expert Meeting Transforming Economies in EU Outermost Regions: Fostering Learning, Making the Most of Interconnectedness and Exploring New Ways to Engage with Partners from Across the Globe ”(G-ORs).

The meeting aimed at a first exchange of views and sharing of experiences, regarding the opportunities and challenges that the Outermost Regions (OR) are facing, for the greater internationalization of their economies and their insertion in global value chains.

At the time, Carlos Amaral gave a presentation on the regional integration of the Azores, its most relevant macroeconomic indicators and economic sectors, as well as its smart specialisation strategy (RIS3) 2014-2020 and the ongoing process of revising it for 2021-2027.

The two-year G-ORs project aims to enable peer-to-peer advice and learning (EC / OECD / Outermost Regions), which aims to provide a better understanding of the growth scenarios and future development pathways of the ORs within and beyond.

It also aims to provide an analytical framework to update and expand the European Union’s support mechanisms for the ORs in relation to innovation, the development of some key sectors of their economy and integration into Global Value Chains.

Thus, the project will provide an overview and mapping of the current situation in the Outermost Regions with regard to the development potential of Global Value Chains, identifying the main relevant value chains (agri-food, tourism, forestry, bio-economy, blue economy , etc.).

On the other hand, it develops a perspective of probable future trends in these value chains, taking into account the impact of the pandemic on them, with the potential to strengthen the internationalization of these sectors with Europe and with third countries, particularly in the regions surrounding the Outermost regions.

Representatives of the European Commission, the OECD, Saint Martin, Cape Verde, Reunion and the Organisation of African, Caribbean and Pacific States also took part in this meeting.